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of electric vehicles to improve san francisco's environment and the global environment as a whole so please welcome mayor ed lee. >> michael, matt, congratulations to scoot, yes. scoot and san francisco, well, let me first of all put this in some little perspective that i know, i know that we just announced last week, eb week in san francisco to the delight of so many people who want to just have modes of transportation, multiple modes of transportation in a city that are also environmentally friendly and to contribute that reducing our fossil fuels, we are in san francisco world citizens after all and i know it's exciting for ed risken, our mta manager, he and i were excited to talk about different modes of transportation as we create all these exciting events to come to san francisco. i know it's exciting for board president david chiu, we tried to put pods for car sharing in neighborhoods on public streets and began in russian hill on his district, he's a vibrant, vibrant avid supporter of car sharing as i have been, i know ed riskens, well at the hub, knowing that that's an incubator fo
chinese-- they are coming into a cultural milieu, a cultural environment where they feel quite comfortable. sohe idea ofative place, where someone originated from is a very, very powerful current in chinese culture even today. narrator: so here, local factors such as its location relative to hong kong, cultural and ethnic links throughout the region and a history of stable trade relations all contribute to guangng's rapid economic growth in recent decades. but just as important are the global forces exerted by the spread of global production systems. the pattern of development for global production facilities has been shaped by the drive for cheap labor. man: the diusion from japan to south korea to taiwan and then subsequently to other parts of southeast asia is driven by seeking low-we labor. narrator: and the search for inexpensive labor has led companies like nike to china. comparedith ny parts of the wor such as america, europe or japan, comparedith ny parts du nenji earns little-- the equivalent of just 80 u.s. dollars a month. however, by chinese standards, he and his fellow workers
decisions she made as environment minister in the 1990's. a parliamentary committee is looking into mismanagement of a test site to dump nuclear waste. >> critics say merkel authorized tunnels to be dug without going through the proper channels. residents and activists say the site is a public hazard and that radioactive leaks could plague future generations. the chancellor denies having made any errors in selecting the site. >> angela merkel appearing at the parliamentary inquiry. the chancellor is asked to cast her mind back to the mid-1990's when she was environment minister. the opposition claims that merkel and the rest of her party were determined to push through the nation's nuclear dump and that they ignored studies proposing other sites. >> critical scientists have expressed doubts of -- about the site's suitability. the decision to pursue the location was essentially political. >> the chancellor denies those claims, as do other members of her party. some are unable to contain their anger at the opposition. >> we had this experience during this parliamentary inquiry. e
those in myanmar to improve their business environment. the chairman of the japan chamber of commerce led a delegation and met with a senior economic official. asking for swiflter measures to ensure stable supply of power and better framework for foreign investment, the senior official said he encouraged more investment from japan. he promise they'd would work towards making business easier for foreign firms. a >>> the iranian president, mahmoud ahmadinejad, . . that they will provide support in building hospitals. they also pledge to work to promote export to iraq and to train personnel to operate such devices. >> e will work with the japanese government to raise iraq's medical capabilities. >> the equipment maker official added that his company hopes to provide the devices that will best suit iraq's needs. the japanese government has proposed a second site for the disposal of low-level radioactive waste from the accident at the fukushima nuclear plant. on thursday, senior environment minister visited the governor which borders foesh ukushima to south. suggested as a site, the nation
terrorism and organized crime, the protection of the environment, achieving sustainable development, a respect for human rights, and mainly the rights of women, and ensuring the rule of law, fighting against hatred and intolerance. mr. president, libya emphasizes its affiliation to africa, the importance of shipping policies with africa and the world, once which were based in the past on extortion. we want them to be a relation based on a firm interest for the interests of all the people. the new libya dissociates itself from the republic of past and extends a hand in freedom and friendship to initiate new relations, built on mutual respect and fruitful cooperation. in conclusion, excellencies, mr. president, let me wish this session full success in solving the issues on our agenda. i express the hope that the spirit of solidarity and cooperation will prevail in order to create a better world -- one left with security and stability. thank you, and may god's blessings be upon you. [applause] >> on behalf of the general assembly, i wish to tell the president of the dinner -- general n
mar to improve the business environment for foreign companies. it is attractive due to its rapid economic reforms. the chairman of the japan chamber of commence met with an official in the capital. he asked for swifter measures to ensure a stable supply of power. in response the senior official expressed hope for more investments from japan and pledged a better business environment. >>> and that's all for business news for this hour. i'll be back later. but for now a recap of the markets. plged a better business >>> the gaming industry is booming in japan driven by a rampant increase in smartphone users. it faces a serious shortage of programmers. a maker of game software has organized a programmer contest to find talented people. among the contestants were a handful of high school students. >> reporter: 22 finalists gathered in tokyo for the contest earlier this month. all of them are students. the total prize money is about $13,000. this is one of three high school students who are taking part. the three are competing against undergraduate and graduate school students. he becam
on top of a recessionary environment is a toxic mix. >> the ecb saying spanish bank deposits down 1.1% on the month in august, which means they're now the lowest level since april 2008. and we've got a prime minister there who has effectively said to the markets come out and short me because we're not going to go for a bailout unless webo costs go higher. and he's trying to delay aid until after the catalonia elections. and that seems like a pretty thin tight rope to walk. loan i. >> and we'll get the report on just how much money the banks need. it is suspected it will be in the 60 billion plus. but the elections on october 21st, that's rajoy's own province. and then you have the cat lo loaniloa loanian region think they're the richest region giving too much to the others. the rest of the region has seen a dramatic change. during the good times, they had revenue. from the developers, people buying properties, now that's all going and they're left from the legacy. from cat loan i can't to the canaries, you name it, all of these places, they're all struggling.alonia to the canari you
environment. they were led by the chamber of commerce and made the request in the capital on thursday. they were in talks with the president and minsters in charge of the economy. he asked the officials to create a legal framework needed for foreign investment to provide incentives from investors from overaccess. the country will take measures because he wants more investments from japan. >> ken kobayashi is one of the delegates visiting. he emphasizes that investor nations should find an affinity for the people in the destination countries. >> costs are not everything when it comes to global investment and expansion. the attachment or otherwise to japan of the people in the operating country is one of the most important factors in doing business overseas. >> before i go, let's get you caught up in the marks. we had a late rally helping to boost sentiment in other markets. the nikkei ending a half percent higher today. the shanghai composite up 2.6%. in europe, major indeces are trading like this. we are seeing pretty much here for most of the majors. london up by 3/10 of 1%. paris se
the regulatory environment will look like next year. they don't know what demand will look like next year. and so, because of these uncertainties as a result of the fiscal cliff and the fact that we haven't had any policies really coming out of congress and the white house to really fix this, it's all been monetary policy, the federal reserve has really been the only one out there, the only game in town to really provide stimulus for this economy. we don't have an energy policy. we haven't had a budget in three years. as a result, businesses are waiting to see what happens in this election, and they're waiting to see what their lives will look like tax rates, regulation, etc., they're upset about the healthcare expense, so they're waiting until after the election to really decide if, in fact, they will hire new workers and put new money to work. i think we really are in standstill right now. host: here's the headline, "wall street braces for an obama win." mitt romney was wall street street's candidate, a former private equity executive, committed to lower taxes and less regulation, who would nev
and more exposures to the environment as hair dyes get into the waterway and food even if we don't get our hair dyed. our skin should be lighter and darkers, smoother, lips plumper, these companies have so much power over our minds, public space and sense of self as they continue to expose us to chemicals even though safer alternatives are available. we have the power. we have the power to decide which products we put on our body and which companies we support with our money. that is actually a real power that can feel very very good when you start to take advantage of it. ahrolt a lot of this information is scary and real. i tell people, i do get to the good news around chapter 10. there is a lot of good news to share. i have heard so many amazing stories along the way. 30 cities in 13 states. 3,000 people come out to these talks. there is just an amazing energy. and so many just wonderful store reus about people engaging in this work, people who have been to skin deep and start their own company or change their major. people making radical decisions about their own personal life styles.
the country's business environment. he says, japanese firms with high technologies can contribute to the economy. the president expressed his intention to provide maximum support stressing that vietnam is politically stable. officials at atpan chthe japan of commerce say firms in china may switch to vietnam. responding to recent anti-japan demonstrations in china. >>> company executives will launch the new models in japan by march 2013. sharp has commercialized the world's first super high definition lcd panels. they consume 20% of the power compared to previous models. the firm may supply the panels to taiwan's precision industry. sharp is in talks with the taiwanese electronics firm about capital tie-up. sharp aims to turn to the black by showing a net profit in the business year through march 2014. the firm's main creditors, are to offer loans up to a combined total of $2.5 billion. that will raise the bank support to $4.5 billion. >>> now, not exactly a household name. some might find that surprising given his most notable accomplishment. he was working for a research agency u
. melissa: harry dent. always great. thank you. >>> fracking our way to a healthier environment? environmentalist says fracking boom is the cause of lowest carbon dioxide emissions in 20 years. he is here next to explain. fascinating stuff. >>> dire situation for many states. state workers are still making more money than people in the private sector. we have details from a revealing new report. more "money" coming up. ♪ . rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at constantcontact.com. ♪ . melissa: so the summer heat may be dying down but the debate on tracking is heating up. environmentalist calls it by far the decade's best
have seen in years of trading and investing. they have worked in environments in the past. the stocks didn't rally on the weaker projections. more important is the fact that it didn't get crushed as much as it should have. the reaction isn't that note worthy given how wild the stock is. why hasn't it's been benign? remember, we were at 11,000 not that long ago. think about it. instead of the 13,000. we were down 11,000. that is where we are. why were these stucks down before the rise broke out? it hooks like we would be finishing higher for the day. this reminds me of when the greeks went crazy. i think the declines might not have occurred and it pointed to a couple of things. and it makes the market stronger than you would expect and maybe like boundy and not a flood. first they lag their benchmarks and they need to make up ground. the hedge fund managers are expected to beat the s&p 500. where you pay teeny tinie fees. what is the point of giving a manager a share of the profits if they can't do as well as the static machine? as the year ticks by, they are getting frantic. they have
environment for compromise. so, things have always work themselves through and i think they will now but that fiscal cliff thing is looming as a real problem and it doesn't have to be because the basic guts of it are good and i think having, relying on the central bank to shoulder all the burden of charging the economy and abandoning the fiscal side because of the difficulty in the political process you know is unfair and gives us a skewed and unfair view of the rio i think in a lot of ways courage. whether it works or not is still open to debate and people are certainly exercising their power to grant it fully but if you are -- if only one side of the car is driving you will go in circles. >> we just had simpson-bowles and two years too late with a couple trillion dollars extra debt on top. >> sometimes the policy needs that time to sort out. the fact that it's an efficient in the long term, the efficiencies we take in order to get people to throw in, the long-term is what makes the system stable. so i'm not worried that we will get it and let me say on the more optimistic side peop
to be in some cases, that's not going to be -- it's, you know, it's not a good environment for compromise. you know, things have always worked themselves through, and i think they will now, but that fiscal cliff, things, it's looming as a real problem, and it doesn't -- it doesn't have to be because the basic, you know, the basic guts of it are good, and i think having, you know, relying on the central bank to shoulder all the burden of charging the economy and abandoning the fiscal side to it because of the difficulty in the political process is, you know, it's unfair. gives us a skewed and an unfair view of the real -- the real, i think, you know, in a lot of ways courage, whether it works or not, that's open to people to debate it, but people exercising powers granted fully, but, you know, if you're only working, only one side of the car is driving, it's going in circles. >> we get sevenson-bams, just two years two -- simpson-bowles, but two years too late? >> the fact that it's inefficient in the long term -- the efficiencies we take in order to get people to throw in, in the long term wor
where you can find opportunity. >> everybody's looking for yield in an environment where we can't find any. rick, what are you seeing there today? >> you had a great point. everybody's looking for yields, so everybody needs to take more risk. that's the plan. the problem is, when you take more risk to get more reward, you have more risk. you know, take the word austerity and throw it out. use the word reform. one guest just said central bankers are doing all the heavy lifting. because the heavy lifting for them is easy. print, print, print, print. the real hard part is the reform the politicians need to get these economies vibrant. it's not going to be easy. that's why it looks like it's gridlock. it looks like it's fighting. in the end, it's because there isn't one easy magic wand solution. >> sure, sure. you could call it reform, michelle. you could call it austerity. you can call it cup cakes. i don't know what you want to call t but it hurts. >> the difference matters, right? here's what we found in greece. they don't want to do reforms. they don't want to break the companies in co
. we realize politicians don't create job but at least enhancing the environment that can create jobs. >> brown: do you think there's much enthusiasm? >> as a conservative i am much more enthusiastic about mitt romney than i was john mccain. i thought john mccain was just an extension of george bush. we had had enough of that. >> brown: but polls show enthusiasm remains a question mark here for mitt romney and for the president. he also has to worry about criticism from his left. people like duke economics professor william garretty who cites the almost one in five blacks out of work here and says the president simply hasn't done enough to help. >> that's pretty staggering actually. i mean, we're approaching the kinds of unemployment rates that existed in the united states at the height of the great depression. in the african-american community in north carolina. >> brown: he has decided to sit out the presidential vote >> i'm going to vote for the other offices on the ballot but i'm just not going to cast a vote for the presidency >> brown: you're not? no brown: you feel okay i feel
compromise with the enemy. it is not going to happen. it is a terrible environment for the big deal that needs to get done. so acknowledge the reality. let's do the deal in 2013 but let's not cause a recession. basically just extend current policy to the extent policy and hope we get 2013 intact. that is my goal. >> doug, let me throw out a theory to get your reaction. the theory is this. that as long as the discussion about tax reform is an ongoing argument about the bush tax cuts -- >> i'm so tired of the bush tax cuts i can barely stand it. >> i think most people would agree. >> they have been talked about for 10 years? can we talk about something else? >> that is exactly the point. as long as you have extended the bush tax cuts, as donald said, only half of this is about the bush tax cuts. >> right. >> but in the public discussion it is the bush tax cuts. so as long as you extend them, can you get out of that debate? conversely if you let them all go. >>, does that change the framing of this we're no longer talking about the bush tax cuts, we're just talking about the tax code a
to environmental organizations including the cr club and san francisco department of environment. that outreach garnered four applications. one applicant did withdraw his application before we brought this item to you. in doing so endorsed the application of mr. garcia as well. so with that we are bringing mr. garcia's application to you with recommendation to appoint him to the environmental seat. if i can answer additional questions you may have. >> thank you, bob. i think being that the applicant is here maybe he can say a few words. i want to appreciate the additional outreach for the seat. i know we had expressed, you know, we wanted to see someone with a deeper set of work experience in environmentalism, so we really appreciate the additional outreach. i want to invite mr. garcia to say a few words to the board of directors. >> good morning. my name is mark garcia f i'm here from the greenlining institute in berkeley. * i want to take the time to appreciate you for inviting me in today. i have worked in los angeles and las vegas on environmental outreaches, saving the canyons in red rock
in the last couple of weeks that this is an environment where there is still opportunity for extremist to make trouble. i should point out that our friends on the other side of out like to imagine that if they were in charge, we would be so tough that everyone would understand where we stood and would not be able to protest against us. it is worth noting that the last time these folks were in charge during the george bush administration, there were attacks on u.s. embassies and consulates. it is important to remember that during the reagan administration, there was an attack in which killed americans. these folks let us into the most disastrous for a policy decision in a generation. it in power in iran. it killed more than 4000 americans. it left hundreds of thousands of iraqis dead or displaced. but these folks want us to hand over the keys of foreign policy back to them? the nerve of the individuals " put attention to the worst farm policy disaster and say that the understand the region better is laughable. >> you mentioned syria. there is a lot of pressure for the administration to get invo
in identifying and operating in a secure environment. that's were industry comes into play. so i believe this partnership needs to be extended. we did in the physical domain for years under the critical infrastructure protection, cpac, advisory council that was created to address these 18 sectors. i think we can do that again moving in the future. i don't want to speak for shone but i noticed before, working under the confidence of national security initiative under the previous administration, nothing changed by the current administration. i don't assume anything will change in future because of administration. because cyber is a continual. it's not an issue. it's not an element to get something we have to address ongoing. and if you look at the advances that we made under the sea mci and the changes that we made, i think i continuing that capability it will enhance our awareness, enhance our capabilities. >> you talk about the need for sharing information, is there -- one of the stipulations, and this is a sticking point, was what laws should be passed for sharing information, for prot
in on january 1. >> tom: meantime, the environment out there, we sought latest g.d.p. revisi yesterday, a slower economy faster than expected. corporate earnings also slowing down. that's happening regardless of what's going on in the political environment. >> it certainly is. earlier this summer, what was really driving stock prices, in my person was two words-- anticipated stimulus. notice, it's removal of uncertainty, and so i think the real question is will we be seeing a trough in corporate earnings in the third quarter, a trough in u.s. g.d.p., in this or the fourth quarter of the year? or might w be seegroughing a little bit later on for other international g.d.p.s. in general, i think a lot of people are anticipating that maybe the worst will soon be behind us, especially because of all this liquidity that's been pumped into the system over the past several months. >> tom: you've crunched numbers and brought some sectors to watch for next three months, including the technology area here with xlk, being the e.t.f. for the technology sector. has had a nice rally over the last 12 months. wh
to encouraging stewardship of the environment, land conservation, watershed protection and eliminating harmful chemicals. additional funding provided by: the colcom foundation, thwallllacgenenetic foundation, and by the charles a. frueauff foundation. this week on to the contrary: first, little girls and big guns. then, bias against women in science. behind the headlines: bpa, a chemical used in plastic that's everywhere and raising health concerns. wa >> hello, i'm bonnie erbe. welcome to to the contrary, a discussion of news and social trends from diverse perspectives. up first, tweeting firestorm. gop vice presidential candidate paul ryan generated controversy this week when he stopped off from his campaign to buy hunting gear for his 10-year-old daughter. the avid hunter said his daughter is ready to go hunting for the first time. he bought her a rifle for christmas last year. ryan fans banded together on twitter to show their second amendment support by posting pictures of their daughters shooting all types of guns, ranging from pistols to semi-automatic weapons. the informal girls with
in their preparation. they are the first to bear the negative consequences in growth and trade and environment, as well as on the social fabric of society. as a result of unfair trade rules and conditionality is composed -- in post. - imposed. there is a need for a new, local, economic government. i say there is an urgent need for a new global economic government, centered on people and aiming at consolidating cooperation between partners and development on the basis of mutual benefit and interest. mr. president? , i have laid before you our position, a vision shared by the egyptian people. i have also attempted to briefly outline egyptian views on the main issues, the divisions of the young and children, the women and the men in egypt, on all important questions in the middle east and the rest of the world. i am sure that the united nations is capable of addressing all global and regional challenges through dialogue and joined corporations in accordance with the principles of international law. egypt will spare no effort in dealing sincerely with all the members of this organization. we will always re
a more global environment offers many benefits and increases competition and thus reduce cot cost. it allows for the introduction of new technologies ab cob accepts and supports coalition war fights efforts or makings them less difficult to execute. we can benefit from the lessons learned in efficiency gains from other nations who had militaries that face difficult financial services and forced to drive home the own, quote, better buying power initiative. globalization is frankly not an option. it's a reality. but while buying from a more global environment officers many benefit to the department we must be aware of the significant risks risks. these include but are not limited to the main reason we're here today. the threat of counsel fit or interior parts entering the supply chain, the potential for undue reliance on actually con configuration may not be understood. or the risk of leaked intellectual property to foreign businesses and governments. when it comes to articulating the failure of policy on the subject, particularly as a relate its to cyberspace. one look no further t
there are byproducts. one is low kreeyields. >> regulators keep saying because of the low yield environment, buy more bonds because they now have a pension deficit. that's nonsense, of course. what's happening on the corporate side? they're awash with capital. are we also getting less issuance and how much more money do corporates need to have? >> what's interesting is the eurozone credit market is shrinking year on year which is the first time it's done that for a long time. there's not only less issuance, there's less coming out to meet, retiring effectively. corporates as kelly said earlier, the economic outlook is not rosy. the motivation to carry out m&a activities is relatively low. so i expect the trend to continue. >> and the quality they're issuing isn't all that great either. >> the good quality have all the cash they need. so, you know, they don't need any who are. >> most of them have the cash. i think the good quality borrowers can borrow really easier. there's huge 2k3457demand for h the spreads are tight. >> angela merkel and mario draghi are both delivering speeches in berlin today. o
was confusing for several years. in the end, he chose to change the environment around him, not to change himself. when he entered high school, takamasa made clear his hope of attending as a boy. the school accepted him, a first for the institution. >> translator: takamasa insisted early on that he wanted to come out, so we accepted it and tried to support him as best we can. >> reporter: takamasa's schoolmates have overcome the initial shock and accept him. >> translator: i don't care if he's a boy or a girl. takamasa his own person. >> translator: i'm his friend because takamasa is takamasa. we enjoy boy to boy talk. >> reporter: as some schools open up, the attitudes of medical practitioners are also starting to change. the number of youngsters visiting medical institutions for gid is increasing. so the age of hormone therapy has been lowered from 18 to 15. as a result, 17-year-old takamasa is eligible for treatment. >> translator: since my voice became deeper, i feel i'm starting to become the real me. i'm becoming more outgoing. >> reporter: takamasa has decided to come out and talk
forward in order to at least create an environment where anticipation can be built on a safer basis. let me turn now to the challenges facing the rest of the world. because each and every part of the world has to also deliver on its promises. you might argue that growth in emerging markets economist and a low income countries promises have been delivered upon. because when the crisis hit there were is light in the darkness. emerging markets were able to lead the global economy in times of need and low-income countries, because have suffered well enough, were well prepared to resist the crisis. but after several years of very strong growth, some of them, some of them double digits, clearly that dynamic is shifting and the illusion of the coupling, if it was still every year, has definitely vanished. the major in emerging markets are slowing. that will be reflected in our forecast as well. so they must follow through on actions need to position themselves as the potential global growth leader for the few leaders for the future. the focus should be on countering vulnerabilities whether thei
the toyota prius as a simple but important way to make the commitment to the environment. now, let's visit another one of california's golden parks. hello, everybody. i'm huell howser, and here we are in the sierra nevada mountains in northern california. we're near the community of truckee. we e
of the environment ministry. this means politicians and bureaucrats will still have influence because they control the agency's budget. and that issue is a composition of the nra's task. more than 80% of its employees come from previous regulatory bodies. to prevent conflicts of interest, the government says nra employees will be prohibited from moving or returning to the ministry of industry. the government unit that promoted nuclear energy that critics are already finding loopholes in this. >> what challenges will the nra be facing over the coming months? >> there's a long list. without doubt, the most important and immediate challenge is redefining nuclear safety regulations. new standards will have to take into account the latest findings and technological advances to make sure nuclear plants can withstand natural disasters and major accidents. once the nra sets its standards, it will conduct a case-by-case review of all of japan's nuclear reactors to determine which can be brought back online. the nra plans to come up with new criteria by july of next year. one concern experts must address is
the environment. i had to put some color into it. i have to put some interesting prints into it. >> he brought fashion sensibility to the beach. the clothing brent became a hit as residents -- when it started. today it has 10 shops. the slogan, brazilian flavor. >> this is my favorite right now. i am in love with the sport. >> his apartment has the same casual style. he traveled to indonesia for surfing and began selling them to chain stores. >> i was designing some interesting prince and they would not buy them. they always wanted the little fish are the coconut tree or the sun. it became boring to me. they only chose conservative prince. i think that maybe i should try to start my own brand. so i opened my first store. rio is such an interesting culture. we do not have to hire marketing directors or agencies to see what is the new trend in what is going to happen. all you have to do is drw on your own experience in city. >> when you confined more on that story on our web site and the top news of the day, from us here in sao paulo, thank for watching this edition of "bbc world new america" li
? >> not really. the nra is now under the umbrella of the environment ministry. this means politicians and bureaucrats will still have influence because they control the agency's budget. another issue is a composition of the nra's task. more than 80% of its employees come from previous regulatory bodies. to prevent conflictsf interest, the government says nra employees will be prohibited from moving or returning to the ministry of industry. the government unit that promoted nuclear energy, but critics are already finding loopholes in this. >> what challenges will the nra be facing over the coming months? >> there's a long list. without doubt, the most important and immediate challenge is redefining nuclear safety regulations. new standards will have to take into account the latest findings and technological advances to make sure nuclear plants can withstand natural disasters and major accidents. once the nra sets its standards, it will conduct a case-by-case review of all of japan's nuclear reactors to determine which can be brought back online. the nra plans to come up with new criter
to stimulate cargo. the cargo has to be there from the manufacturers and from the general economic environment. but next year, the car go industry might pick up a little bit. the conditions for cargo are still very bad now. but again, overall the industry of course is still more passenger than cargo. and it's been a bit of a double whammy this year because for the long call carriers operating out of asia, they're heavily exposed to markets like europe where there's been an impact. >> are we going get anymore meaningful consolidation? i don't see eus saying to america you should really allow for proper mergers between european and u.s. airlines. do you think that's ever going it to be allowed? >> there's still a lot of steps to be taken to allow that to happen. true global consolidation, a lot of countries still have policies that limit foreign investment in the airline sector. so we need to see a lot of changes in the regulatory environment to allow that to happen. in the meantime, we did see a lot of consolidation continue to happen within regions like latin america, like north america, like
of the environment ministry. reconstruction minister at the sue woe hirano is holding on to his position. noda explained some of the reasoning behind the shuffle. >> translator: this reshuffle is aimed at strengthening cooperation among officials to have government and the ruling parties and improving how the cabinet if you thinks. so we can better handle the issues we face. >> noda also referred to the territorial row with china over the senkaku islands in the east china sea. he said there is no doubt the islands are inherent japanese territory both historically and under international law. the prime minister noted japan controls the island, but he added both sides should stay calm as they try to resolve the situation. >> translator: i think the most important thing right now is to find a way to cool things down using dialogue through various channels. >> noda says he has no plans to take the senkaku matter to the international court of justice. that's what his government is trying to do with the territorial dispute it has with south korea. the arguments by the two countries have been heated,
and retail business are rising. and also in some lines of the industrial business. so the overall environment for the insurance industry is very good. your free float is about 20%. will you stop here for a while or will you raise money in the future? >> we'll raise money in the future, however, not for the next 24 months. we are sufficiently capitalized now after this ipo on for the next 24 months, but there will be further capital increases in the future. this is just our first step in to becoming a listed insurance company. >> all right. and just give us your view where we stand at the moment with the world economy. because it's interesting where you're looking at your operations. eurozone still in the grips of recession or low growth, weaker growth in asia. just give us your sense of how you view the world and how it transfers back into your business. >> i'm 100% sure that the euro will survive. the euro is instrumental for the future of europe. the emerging market particularly in brazil and mexico are very interesting growing markets for the future. and also the middle and eastern europea
chemistry of the ancient water streams. then we'll tell them what the environment was like on mars billions of years ago. jonathan amos, "bbc news." >> also interesting to know what was out there once. stay with us on "bbc world news." there's plenty more to come. >> make sense of international news at bbc.com/international news. funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key decisions. we offer expertise and tailored in a wide raping of industries. what can we do for you? >> "bbc world news" was presen
efficiency and, with exciting, great new- product of the time. of course the environment sometimes presents you with more tail winds that had winds. altogether, the economies have become more volatile. so flexibility is the name of the game. we do believe that we are very well positions in this thing that generally the premium manufacturers have a more supportive business model to succeed in the future than the volume manufacturers. >> i should quickly add one of the big problems for the car makers as well in east china. it was a market they are relying on it. china is now slowing, which means they will have to make tough decisions in cost-cutting and job cuts. >> thank you very much. the chinese dissident artist ai weiwei has lost his final appeal in a tax evasion fight that he says as politically motivated. the artists will have to pay $2.4 million following a ruling by an appeals court. from beijing, martin patients report. >> ai weiwei said this was a case he never believed he could win. during the entire legal process, he did not see the evidence against him. after the final appeal he
invest overseas a lot of places where they can make money in a zero interest rate environment. the low interest rates which the federal reserve told us will be that way until 2015 a are also hurting savers. >> they absolutely are. it creates inflation risk. people are penalized. the return if they are investing their savings some place safe the return is not keeping pace with inflation. every year they are losing money. so of course that creates incentive to invest in riskier assets and that's what we had with the crisis, low interest rates then. not as low as now but people are looking for return with the sub prime mortgages. it creates incentives which create significant risk for the system. and i think the fed is proceeding with the best of intentions but the risk of what they are doing is tremendous an the benefits are incremental at best. >> it has been about the fed providing stimulus. what kind of fiscal policy would you like to see? >> the solution is not hard but it is having the political will to do it. you have to get spending under control and the defense budget. we are und
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